What is Carrier Global's R&D?

Carrier Global (CARR) reported R&D of $143M in Q1 2026.

How has Carrier Global's R&D changed year-over-year?

Carrier Global's R&D decreased by 6.5% year-over-year, from $153M to $143M.

What is the long-term trend for Carrier Global's R&D?

Over 4 years (2021 to 2025), Carrier Global's R&D has grown at a 5.6% compound annual growth rate (CAGR), from $503M to $625M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Carrier Global CARR R&D

R&D at other companies

Resideo Technologies, Inc.REZI

$48M+37.1%

Honeywell InternationalHON

$492M+18.3%

GenthermTHRM

$23.95M-1.1%

CryoPort, Inc.CYRX

$3.91M-0.7%

Segments

By segment

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CSA$347M—

Climate Solutions Americas$77M-10.5%

CSE$75M—

CSAME$61M—

Climate Solutions Europe$21M+16.7%

Climate Solutions Asia Pacific, Middle East & Africa$15M0.0%

Other financials

Income statement

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Revenue$5.3B+2.4%

Gross profit$1.5B+15.9%

Operating income$259.0M-58.8%

Net income$238.0M-42.2%

EPS (diluted)$0.28-40.4%

Balance sheet

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Cash & equivalents$1.4B-19.3%

Total debt$12.8B+9.6%

Total equity$13.8B-2.8%

Total assets$37.2B+2.0%

Cash flow

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Operating cash flow$79.0M-83.6%

CapEx$94.0M+49.2%

Free cash flow-$15.0M-104%

Valuation

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Market cap$60.92B-6.5%

Enterprise value$72.4B-3.8%

P/E46.5×+30.2×

P/S2.8×-0.1×

Profitability

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Gross margin26.6%-0.6pp

Operating margin8.2%-4.7pp

Net margin6%-19.8pp

FCF margin7.7%—

Returns & leverage

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Return on equity9.4%-34.7pp

Debt / equity0.9×+0.1×

Current ratio1.1×-0.2×

Where this comes from

Reported directly by Carrier Global in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Carrier Global’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carrier Global's R&D?: Carrier Global (CARR) reported R&D of $143M in Q1 2026.
How has Carrier Global's R&D changed year-over-year?: Carrier Global's R&D decreased by 6.5% year-over-year, from $153M to $143M.
What is the long-term trend for Carrier Global's R&D?: Over 4 years (2021 to 2025), Carrier Global's R&D has grown at a 5.6% compound annual growth rate (CAGR), from $503M to $625M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.